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Home > Financial Services > Mortgage Brokers > Christensen Financial, Inc.
Christensen Financial, Inc.
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
Christensen Financial is a residential mortgage lending company that originates and funds primarily non conforming direct or nonprime mortgage loans. They originate mortgage loans in Michigan, Ohio, Florida, Colorado, and Arizona. The traditional fixed rate mortgage is the most common type of loan programs, where monthly principal and interest payments never change during the life of the loan. Fixed rate mortgages are available in terms ranging from 10 to 30 years and can be paid off at any time without penalty. This type of mortgage is structured so that it will be completely paid off by the end of the loan term.
A mortgage is called Interest only when it’s monthly payment does not include the repayment of principal for a certain period of time. Interest only loans are offered on fixed rate or adjustable rate mortgages. At the end of the interest only period, the loan becomes fully amortized, thus resulting in greatly increased monthly payments. The new payment will be larger than it would have been if it had been fully amortizing from the beginning. The longer the interest only period, the larger the new payment will be when the interest only period ends.
Christensen Financial assists you through six basic steps in procuring a loan for buying a house or renovation of your home. The six steps are Getting your documents organized, convincing the loan company that you qualify for the loan, explains the best loan plans from various companies available within your budget, applies for the loan, obtains approval for the loan.
They have grown on the principles of Common Sense Lending, a commitment to deliver exceptional service to their clients and build outstanding relationships. Their goal is to be a leading non prime mortgage lender, by offering a full complement of products while providing excellent service.
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